Prototype wrote:Green Gecko wrote:Halved my savings and took out a loan for the rent this coming month.
Where the strawberry float are these cost of living payments???
Terrifying stuff I hope your situation improves soon.
I’ve got a bit of credit card debt racked up but nothing out of control. I’ve used the hell out of interest free credit cards and paid them off and closed the card before they’ve accrued interest.
My missus has just finished college and is now looking for work. As much as I’m fed up with my current job, I feel lucky in that it pays all our bills and feeds the three of us.
Thanks. I have a few k on credit, closer to 0 than 10k, and do the same thing, I've borrowed responsibly so I have a good credit rating and just move the money along while paying it off over a longer period without accruing much interest. But you still pay a balance transfer fee which I can usually get quite low - between 1 and 3%. The upside of this is my credit limit has grown quite substantially but I am still very uncomfortable borrowing such an essential "cost of living" element. Traditionally, I have done that for financing capital assets in the business to create a demand and a competitive advantage. I have seldom borrowed for essential cost of living, which is sadly looking like something I need to get used to unless I have better luck.
On the plus side I have about 2k budget for care with which I am going to actually hire a secretary for all the gooseberry fool I have to either do (mostly communication I struggle with) or remember, which quite often if that does get followed through I
might get more income (sales). I basically have to do everything that I can to increase the chances of money appearing.
I get a good amount of interest but struggle to close sales. When your cost of living depends on essentially closing sales, and everyone is worried about being either ripped off or getting crap (and always want it tomorrow) due to their own finance struggles (so uncertainty in the market in a cost of living crisis and rising inflation), your household budgeting is complicated to the nth degree.
A salary is 100% the
only thing I miss from a traditional workplace (despite my pay at the time being gooseberry fool). In business you either have to earn at least precisely what you need to keep the lights on, or you need to earn in excess of that for "off season" periods of low work or also to cover effectively waste (cost of advertising for example which may or may not work, I don't do any paid advertising at present but plenty of businesses take massive risks in an attempt to improve prospective revenue).
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